Porsche Romania, against new tax rules
Porsche Romania, the importer of Audi, Bentley, Lamborghini, Porsche, SEAT, Škoda, Volkswagen, Volkswagen, Weltauto has articulated a clear position against the provisions set out in Chapter II, bill 571/2003 on tax policy measures.
With over 4,500 employees in 96 units across the country, and 566,178 repair contracts recorded at the end of 2008, the representatives of the car importer deems the mere 30% tax exemption as a completely atypical measure which will spur repairs in unauthorized service units and will pave the way to alarming tax evasion rates.
“The new provisions set out in the emergency ordinance of bill 571/2003 regarding the Fiscal Code are completely aberrant, as it will spur the illegal sale of second-hand cars, and subsequently, the contraction of new car sales. The enactment of these amendments to the Fiscal Code in force will generate a large black hole to the state budget and a lockdown of the economic activity. Collection of the VAT applied to all new car acquisitions will affect the major fiscal agents. In the XXI century, mobility is a core element that is keeping businesses competitive, given that over 70% of new-car clients are corporate”, said Brent Valmar, managing director of Porsche Romania.
With over 4,500 employees in 96 units across the country, and 566,178 repair contracts recorded at the end of 2008, the representatives of the car importer deems the mere 30% tax exemption as a completely atypical measure which will spur repairs in unauthorized service units and will pave the way to alarming tax evasion rates.
“The new provisions set out in the emergency ordinance of bill 571/2003 regarding the Fiscal Code are completely aberrant, as it will spur the illegal sale of second-hand cars, and subsequently, the contraction of new car sales. The enactment of these amendments to the Fiscal Code in force will generate a large black hole to the state budget and a lockdown of the economic activity. Collection of the VAT applied to all new car acquisitions will affect the major fiscal agents. In the XXI century, mobility is a core element that is keeping businesses competitive, given that over 70% of new-car clients are corporate”, said Brent Valmar, managing director of Porsche Romania.